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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Scranton at 428 Dexter Ave, Scranton, PA, 18504 priced at $100,000 converts $1,378/mo rent into $723/mo cash flow after a $489/mo obligation. Total monthly income equals $1,378/mo, and annual cash flow totals $8,678/yr on $33,150 invested. Return on cash invested prints 46.09% in year one, and rental yield reads 16.54% against a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation compiles into $27,628 by year five. Five-year ROI reaches 243.81% and total cumulative return in cash sums $80,824. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,378/mo property income covering a $489/mo payment, not borrower’s personal income.
Single Family
Built in 1960
3,963 sqft lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 18504, Scranton, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,260 (100%) |
| Owner Occupied HU | 4,767 (46.5%) |
| Renter Occupied HU | 4,024 (39.2%) |
| Vacant Housing Units | 1,469 (14.3%) |
| Median Home Value | $168,363 |
| Average Home Value | $227,392 |
Housing Distribution
Address Breakdown
Residential
8,912
Single Family
8,692
Multi-Family
220
Businesses
463
Price History
Date | Event | Price |
|---|---|---|
| 2024-10-15 | Price change | $100,000 |
| 2024-10-09 | Price change | $110,000 |
| 2024-10-03 | Listed for sale | $119,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
No similar price properties found nearby.
Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1960
- Architectural Style: A-Frame
- Building Area: 900
- Living Area: 900 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Other
- Cooling: None
- Flooring: Combination
- Interior Features: Other
- Exterior Features: None
- Parking Features: Driveway, Garage
Location
- City: Scranton
- Subdivision: N/A
- Lot Size: 3,963 sqft
- Lot Features: Level
- View: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Cable Available
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: Paved
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
What's Special
Crawl Opening
Listed by: Adam Devine • Dorrance Realty, LLC
Mls Name: GSBR
Mls Provider:
Mls ID: #SC5160
Disclaimer: Information provided by the Greater Scranton Board of REALTORS MLS. Information is for consumers personal noncommercial use, and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing. Consult the specific municipality for permitted Zoning uses.